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HARRISBURG, PA - John W. Swygert, Executive Chairman of Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), recently sold a substantial portion of his shares in the company, according to a filing with the Securities and Exchange Commission. The company, currently valued at approximately $7 billion, has shown strong momentum with a 42% return over the past year. Swygert sold a total of 11,758 shares of common stock over two days, March 26 and March 28, amounting to approximately $1.3 million.
The transactions were executed at prices ranging from $107.85 to $112.51 per share. After these sales, Swygert retains ownership of 48,200 shares in the company. These sales were conducted as part of a pre-arranged trading plan adopted on July 18, 2024, under Rule 10b5-1 of the Securities Exchange Act of 1934. Despite the insider selling, InvestingPro analysis shows the company maintains a GOOD financial health score, with strong liquidity ratios and moderate debt levels. Analysts maintain a bullish outlook, with price targets ranging from $105 to $135 per share. For deeper insights into OLLI’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
In other recent news, Ollie’s Bargain Outlet reported strong fourth-quarter results, with same-store sales growth of 2.8%, surpassing market expectations despite challenges like severe winter weather. The company’s full-year gross margin slightly exceeded its target, reaching 40.3%, and the adjusted EBITDA margin was 13.8%, reflecting effective management. UBS responded by raising its price target for Ollie’s to $123, while maintaining a Neutral rating. RBC Capital Markets reiterated an Outperform rating with a $133 price target, citing Ollie’s strong business fundamentals and potential market share gains. Piper Sandler adjusted its price target to $124, maintaining an Overweight rating, and noted Ollie’s strong outlook for 2025, particularly due to potential gains from Big Lots (NYSE:BIG)’ market exit.
Citi maintained a Buy rating with a $133 price target, highlighting Ollie’s promising start to the first quarter and potential benefits from competitor store closures and tariffs. Truist Securities also raised its price target to $126 and reiterated a Buy rating, emphasizing Ollie’s ability to overcome challenges and capture market share. Analysts from various firms expressed confidence in Ollie’s strategic positioning, with expectations of continued growth and market share gains in the coming years.
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